Are investors becoming concerned that high-flying cloud-stocks have run their course? Given the nosebleed valuations of many of them, they probably have. But Salesforce is not like the rest. Salesforce stands head and shoulders above me-too companies, making its stock a buy on this weakness.
Solid Q2 results mean it's well-positioned to raise full-year guidance.
Salesforce is aggressively buying fast-growing, high-quality companies.
The company's valuation is still reasonable and provides a good margin of safety for investors.
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